PXT Stock Overview

Engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. More details

PXT fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 24.8% below our estimate of its fair value

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 22.1%

Risk Analysis

Earnings are forecast to decline by an average of 36.7% per year for the next 3 years

Profit margins (22.8%) are lower than last year (49.1%)

My Notes

Capture your thoughts, links and company narrative

Parex Resources Inc. Competitors

Kelt Exploration

TSX:KEL

CA$1.2b

Advantage Energy

TSX:AAV

CA$1.4b

Cardinal Energy

TSX:CJ

CA$972.6m

International Petroleum

TSX:IPCO

CA$1.8b

Price History & Performance

Summary of share price highs, lows and changes for Parex Resources
Historical stock prices
Current Share Price	CA$13.51
52 Week High	CA$25.77
52 Week Low	CA$11.33
Beta	1.45
1 Month Change	-11.35%
3 Month Change	12.77%
1 Year Change	-46.81%
3 Year Change	-36.42%
5 Year Change	-43.85%
Change since IPO	233.58%

Recent updates

Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly

Nov 06

Capital Allocation Trends At Parex Resources (TSE:PXT) Aren't Ideal

Oct 04

Little Excitement Around Parex Resources Inc.'s (TSE:PXT) Earnings As Shares Take 35% Pounding

Aug 30

The Market Doesn't Like What It Sees From Parex Resources Inc.'s (TSE:PXT) Earnings Yet

Jan 28

Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching

Jan 10

Many Would Be Envious Of Parex Resources' (TSE:PXT) Excellent Returns On Capital

Nov 28

Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching

Oct 05

Parex Resources Inc. (TSE:PXT) Shares Could Be 23% Below Their Intrinsic Value Estimate

Sep 20

Here's What Parex Resources' (TSE:PXT) Strong Returns On Capital Mean

Aug 26

Newsflash: Parex Resources Inc. (TSE:PXT) Analysts Have Been Trimming Their Revenue Forecasts

Aug 04

If EPS Growth Is Important To You, Parex Resources (TSE:PXT) Presents An Opportunity

Jun 04

Returns on Capital Paint A Bright Future For Parex Resources (TSE:PXT)

May 10

Is Parex Resources Inc. (TSE:PXT) Trading At A 30% Discount?

Apr 06

Parex Resources (TSE:PXT) Is Increasing Its Dividend To $0.375

Feb 09

With EPS Growth And More, Parex Resources (TSE:PXT) Makes An Interesting Case

Jan 24

Returns On Capital Are A Standout For Parex Resources (TSE:PXT)

Jan 10

Here's Why We Think Parex Resources (TSE:PXT) Might Deserve Your Attention Today

Oct 07

The Trend Of High Returns At Parex Resources (TSE:PXT) Has Us Very Interested

Sep 22

Shareholder Returns

	PXT	CA Oil and Gas	CA Market
7D	-1.7%	-3.5%	-2.6%
1Y	-46.8%	11.3%	15.2%

Return vs Industry: PXT underperformed the Canadian Oil and Gas industry which returned 11.3% over the past year.

Return vs Market: PXT underperformed the Canadian Market which returned 15.2% over the past year.

Price Volatility

Is PXT's price volatile compared to industry and market?
PXT volatility
PXT Average Weekly Movement	5.0%
Oil and Gas Industry Average Movement	6.3%
Market Average Movement	8.1%
10% most volatile stocks in CA Market	17.3%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: PXT has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: PXT's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2009	449	Imad Mohsen	www.parexresources.com

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company’s principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.

Parex Resources Inc. Fundamentals Summary

How do Parex Resources's earnings and revenue compare to its market cap?
PXT fundamental statistics
Market cap	CA$1.33b
Earnings (TTM)	CA$378.68m
Revenue (TTM)	CA$1.66b

3.5x

P/E Ratio

0.8x

P/S Ratio

Is PXT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PXT income statement (TTM)
Revenue	US$1.16b
Cost of Revenue	US$328.24m
Gross Profit	US$828.75m
Other Expenses	US$565.24m
Earnings	US$263.51m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.67
Gross Margin	71.63%
Net Profit Margin	22.78%
Debt/Equity Ratio	1.5%

How did PXT perform over the long term?

See historical performance and comparison

Dividends

11.3%

Current Dividend Yield

45%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:20
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Parex Resources Inc. is covered by 29 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anthony Linton	Barclays
Randy Ollenberger	BMO Capital Markets Equity Research
Andres Cardona Gómez	BTG Pactual

PXT Stock Overview

Rewards

Risk Analysis

Parex Resources Inc. Competitors

TSX:KEL

CA$1.2b

TSX:AAV

CA$1.4b

TSX:CJ

CA$972.6m

TSX:IPCO

CA$1.8b

Price History & Performance

Recent News & Updates

Interim CFO recently bought CA$182k worth of stock

Now 25% undervalued

Upcoming dividend of CA$0.39 per share

Third quarter dividend of CA$0.39 announced

New major risk - Revenue and earnings growth

Price target decreased by 8.8% to CA$16.36

Recent updates

Interim CFO recently bought CA$182k worth of stock

Now 25% undervalued

Upcoming dividend of CA$0.39 per share

Third quarter dividend of CA$0.39 announced

New major risk - Revenue and earnings growth

Price target decreased by 8.8% to CA$16.36

Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly

Parex Resources Inc. Approves Regular Dividend for the Fourth Quarter of 2024, Payable on December 16, 2024

Parex Resources Inc. to Report Q3, 2024 Results on Nov 05, 2024

Capital Allocation Trends At Parex Resources (TSE:PXT) Aren't Ideal

Consensus EPS estimates fall by 11%, revenue upgraded

Independent Director recently bought CA$121k worth of stock

President recently bought CA$175k worth of stock

Upcoming dividend of CA$0.39 per share

Consensus revenue estimates fall by 13%

Little Excitement Around Parex Resources Inc.'s (TSE:PXT) Earnings As Shares Take 35% Pounding

Price target decreased by 14% to CA$24.13

Parex Resources Inc. Revises Production Guidance for the Fiscal Year 2024

Parex Resources' (TSE:PXT) Conservative Accounting Might Explain Soft Earnings

Investor sentiment deteriorates as stock falls 17%

Parex Resources (TSE:PXT) Has Announced A Dividend Of $0.385

Price target decreased by 8.7% to CA$28.13

Second quarter dividend of CA$0.39 announced

Second quarter 2024 earnings released: EPS: US$0.04 (vs US$0.95 in 2Q 2023)

New major risk - Revenue and earnings growth

Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly

Insufficient new directors

Parex Resources Inc. Approves Second Quarter 2024 Regular Dividend, Payable on June 17, 2024

Parex Resources Inc. to Report Q1, 2024 Results on May 08, 2024

Parex Resources Inc. Announces Resumption of Northern Llanos Operations

Parex Resources Inc., Annual General Meeting, May 09, 2024

Parex Resources Inc. to Report Q4, 2023 Results on Feb 29, 2024

New minor risk - Insider selling

The Market Doesn't Like What It Sees From Parex Resources Inc.'s (TSE:PXT) Earnings Yet

Investor sentiment deteriorates as stock falls 15%

Parex Resources Inc. Provides Production Guidance for Year 2024 and Three-Year Outlook for 2024 Through 2026

Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching

Upcoming dividend of CA$0.38 per share at 5.8% yield

Many Would Be Envious Of Parex Resources' (TSE:PXT) Excellent Returns On Capital

Lead Independent Director recently sold CA$253k worth of stock

Parex Resources Inc. Approves Fourth Quarter Dividend 2023, to Be Paid on December 29, 2023

Third quarter 2023 earnings: Revenues miss analyst expectations

Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching

Parex Resources Inc. (TSE:PXT) Shares Could Be 23% Below Their Intrinsic Value Estimate

Upcoming dividend of CA$0.38 per share at 5.7% yield

Chief Operating Officer recently sold CA$1.5m worth of stock

Here's What Parex Resources' (TSE:PXT) Strong Returns On Capital Mean

Parex Resources Inc. Announces Appointment of Sanjay Bishnoi as Chief Financial Officer, Effective October 2, 2023

Newsflash: Parex Resources Inc. (TSE:PXT) Analysts Have Been Trimming Their Revenue Forecasts

New major risk - Earnings quality

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Parex Resources Inc. Provides Production Guidance for the Fourth Quarter and Full Year 2023

Parex Resources Inc. to Report Q2, 2023 Results on Aug 02, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of CA$0.38 per share at 5.2% yield

If EPS Growth Is Important To You, Parex Resources (TSE:PXT) Presents An Opportunity

Parex Resources Inc. Announces Retirement of Ken Pinsky as Corporate Secretary Effective November 30, 2023

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Returns on Capital Paint A Bright Future For Parex Resources (TSE:PXT)